Social Studies
10th Grade
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the driving force of economics?
Scarcity
Money
Trade Offs
Economic Systems
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The decision to do one thing instead of another is a trade off.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Food and shelter are wants.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The US has which type of economic system?
Command
Capitalist
Mixed
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Communist countries or countries with dictators often have mainly which type of economic system?
Command
Capitalist
Mixed
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capitalist/Market economies can lead to a wide gap between the poor and wealthy.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is noted as being the "founding father" of capitalism, as seen in his book The Wealth of Nations?
John Maynard
David Ricardo
Karl Marx
Adam Smith
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